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…sure, but this is essentially the same thing as greedflation. An exogenous shock created the circumstances for a price increase, but instead of restabilizing r
by bugglebeetle 3y ago
…sure, but this is essentially the same thing as greedflation. An exogenous shock created the circumstances for a price increase, but instead of restabilizing relative to inputs, companies decided (arguably conspired) to set this as a new price floor. And because of a lack of government regulation around monopolies and collusion, are getting away with doing so.